Brian Buffini’s Bold Predictions: 2021 Mid-Year Update #284
The Brian Buffini Show
Brian Buffini
4.8 • 2.4K Ratings
🗓️ 29 June 2021
⏱️ 36 minutes
🧾️ Download transcript
Summary
“I haven't seen this cycle too many times in my 35 years in real estate, but nothing I see says we're in a bubble or anything like it.” — Brian Buffini
In a challenging marketplace, real estate professionals need to be prepared for what lies ahead if they want to succeed and serve their clients at the highest levels. In this episode, Brian gives his mid-year evaluation of the economy and reveals his bold predictions for the industry for the next six months. He shares the most up-to-date economic data available, outlines changes happening in the marketplace and explains why agents need to become even more professional in order to capitalize on opportunities and maximize success. Featuring an exclusive interview with Dr. Lawrence Yun, Chief Economist at the National Association of REALTORS®, this episode will get you ready for what the second half of 2021 has in store.
YOU WILL LEARN:
- The current state of the real estate industry.
- Lawrence Yun’s analysis of the market.
- Why it’s critical to keep updating your skills.
MENTIONED IN THIS EPISODE:
The National Association of REALTORS®
Episode 201, This Too Shall Pass – an Interview with Dr. Lawrence Yun
Buffini & Company Real Estate Report
Buffini & Company Team Coaching
INSPIRATIONAL QUOTES FROM THIS EPISODE:
“It's an 80:20 business, or maybe now it’s a 90:10 business because one has to have that special skill to get the deals done in these unique inventory-short market conditions.” — Dr. Lawrence Yun
“Core inflation is actually rising at the highest pace in 30 years.” — Dr. Lawrence Yun
“Now we are seeing some topping out in the home sales activity in recent months. That is to say, we are beginning to see sales approaching pre-pandemic levels.” — Dr. Lawrence Yun
“Don't expect any persistent price decline. It may occur just temporarily. Even that temporary price decline may not occur, but if it was to occur it is just simply a second chance opportunity for some buyers who have been outbid by others.” — Dr. Lawrence Yun
“Our commitment at Buffini & Company is to try to make as many agents as we can as professional as we can, as productive as we can, as successful as we can.” — Brian Buffini
“You want to get paid like a pro, you have to practice like a pro. You have to have the skills of a pro, and then you get paid like one.” — Brian Buffini
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Theme Music: “The Cliffs of Moher” by Brogue Wave
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Transcript
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| 0:00.0 | Welcome to the Brian Bafini show, where we explore the mindsets, motivation and methodologies |
| 0:19.8 | of success. |
| 0:20.8 | Today, we're going to hear Brian's predictions on real estate and an interview with Dr. Lawrence |
| 0:26.2 | Yoon, Chief Economist from the National Association of Realtors. You're going to hear the top three |
| 0:31.3 | things everyone wants to know about the market and where it's headed. Let's listen in. |
| 0:39.0 | Well, the top of the morning to you and welcome to our bowl predictions mid-year update. It's |
| 0:54.2 | a crazy market I know and so many people are feeling it. I thought this would be a perfect |
| 0:59.2 | time to give you an update on what's really going on in the industry. I have three points |
| 1:04.6 | for you to cover today. First one is we're going to cover an industry update. What's actually |
| 1:09.3 | happening in our world? So many times when we talk about the real estate market, it's |
| 1:13.6 | about the consumer and housing, which is obviously where our focus needs to be. That's who we serve. |
| 1:19.0 | How are we doing in the industry and what changes are taking place? We're going to talk about |
| 1:23.0 | that. Secondly, a very popular part of our program. We're going to do a market update and |
| 1:28.4 | we're going to have an interview with Dr. Lawrence Yoon himself. He's got some great stuff |
| 1:33.1 | to share that'll really kind of cut through all the noise and help you get past all the |
| 1:38.2 | conversations that are happening in the marketplace today. We're actually going to cover the three |
| 1:42.1 | big questions that are the most Google questions consumers ask on the internet about the real |
| 1:48.2 | estate market. We're going to delve into that. And then lastly, I'm going to share with you |
| 1:52.3 | how to take advantage of this opportunity by updating your skills. And I'm going to talk |
| 1:56.5 | about specifically the your ability to earn and your connection to learning and what we |
| 2:02.6 | see in the marketplace and how we're seeing this ever widening gap in the industry between |
| 2:07.6 | the people who are learning and how they are earning and the people who are not. And so |
... |
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